Real Estate Math

A Washington investor gets a 6% cap rate on a $925,000 property. Annual NOI is:

A$50,600

B$55,500✓ Correct

C$57,812

D$60,000

Explanation

NOI = $925,000 × 6% = $55,500. To solve this, multiply the relevant values: $925,000 at 6%.. The correct answer is $55,500.. This is a common calculation on the Washington real estate exam.

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